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US PCE prices lower than forecast- EUR/USD lifts above 1.0415

The US November PCE report has just been released. Core prices rose by 0.1% and the annualised rate was also 0.1% shy of forecasts, rising nay 2.4%, matching the previous increase.  The core rate also missed by the same margin. Ahead of this US yields were holding steady and still elevated on balance. The US 10 year noted was yielding around 4.54%. That was generally supporting the dollar at lower levels, but the US currency was well off its earlier Asian session highs, especially versus the Yen and it was falling back into the release. The USD/JPY was trading around 156.65. The EUR/USD was nudging 1.0400 at the same time. The reaction to this data has seen dollar fall versus both. The EUR/USD has lifted to 1.0415 and the USD/JPY has fallen below 156.50 
 

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